Investments in and Advances to Affiliates Investments in and Advances to Affiliates (Tables)

12 Months Ended

Dec. 31, 2012

Equity Method Investments Disclosure [Text Block]

At December 31, 2012 LP’s significant equity method investees, its approximate ownership interest and principal business activity in each investee were as follows:



	Ownership %
U.S. GreenFiber	50%	Established to manufacture and sell cellulose insulation products.
Abitibi—LP	50%	Established to construct and operate jointly owned I-Joist facilities in Quebec, Canada.
Canfor—LP	50%	Established to construct and operate a jointly owned OSB facility in British Columbia, Canada.

Investments in and Advances to Affiliates [Table Text Block]

These investments do not meet the Regulation S-X significance test requiring the inclusion of the separate investee financial statements; however based upon the aggregation requirements under S-X, aggregated summarized financial information is required as follows:



	Year ended December 31,
Dollar amounts in millions	2012		2011			2010
Net sales	$	238.9	$	188.6		$	241.9
Net income (loss)	$	3.4	$	(53.7	)	$	(12.8	)

	As of December 31,
Current assets	$	54.5	$	50.0
Long term assets	146.8		168.9
Total assets	$	201.3	$	218.9

Total liabilities	$	41.4	$	41.4
Equity	159.9		177.5
Total liabilities and equity	$	201.3	$	218.9

- Definition

The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is.

+ References+ Details